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trapecia [35]
3 years ago
12

The original cost of a LIFO inventory item is below both replacement cost and net realizable value. The net realizable value les

s normal profit margin is below the original cost. Under the lower of cost or market method for LIFO or retail method inventories, the inventory item should be valued at
Business
1 answer:
serg [7]3 years ago
4 0

Answer:

D. Original cost.

Explanation:

As we know that the inventory should be valued at lower of cost or market value. Also , the market value is the middle amount among the replacement cost, net realizable value, net realizable value - normal profit margin

It can be the replacement cost or net realizable value. We don't have an idea which one is the middle amount

Also, if the original cost is less than the market cost so we assume that the inventory should be valued at original cost

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Assume that the Candyland economy produced approximately 150 candy bars, 80 bags of caramels, and 30 solid chocolate bunnies. If
Paha777 [63]

Answer:

A. 300

Explanation:

Market value is simply the market capitalization of a publicly traded company. Formula for calculating,

Market Value = no. of produced goods × average price.

Given that

No. of chocolate solid bunnies produced = 30

Average price of chocolate solid bunnies = $10

Therefore,

Market value = 30 × 10

= $300.

5 0
3 years ago
What is the yearly salary and hourly wage for a barnes and noble bookseller? it's for a project. ​
Y_Kistochka [10]

Answer:

in the US: $13.30 per hour

Explanation:

6 0
3 years ago
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You would cut the mirepoix ingredients smaller when making a fish fumet than when making a beef stock because the
Stolb23 [73]

Answer:

The correct answer is (A) fish has a more delicate flavor

Explanation:

From the given information from the question which says that:

You would cut the mirepoix ingredients smaller when making a fish fumet than when making a beef stock because, the fish will have a more delicate flavor.

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3 years ago
The CEO/chairman of PharmaPacifica was recently killed in an airplane crash. This tragedy has thrown PharmaPacifica into turmoil
GREYUIT [131]

Answer:

A failure or lack of succession management

Explanation:

The going concern of any business should always be its top priority. This is the reason why every organization should have a good succession planning and management in place.

Succession management is a process of having in place a program that prepares and equips potential leaders with adequate experience and skills to take over from incumbent leaders whenever they are out of service , so that the business can maintain its existence into the future.

In a situation where a succession management is not in place or effective , the death of a leader causes a major setback to the business as can be seen in the question.

3 0
3 years ago
_____ put(s) users in control so that they can create custom reports on an as-needed basis by selecting fields, ranges, summary
I am Lyosha [343]

Answer:

The correct answer is letter "B": Ad hoc reporting tools.

Explanation:

Ad hoc reporting tools are computer software that allows users to create and personalize one-time reports in diverse matters involving a business. This fastens the process of reporting and avoids time-consuming analysis. The software has a specific  SQL (Structured Query Language) that is programmed by the Information Technology (IT) department of the firm.

5 0
2 years ago
Read 2 more answers
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